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Stay informed on the latest forest industry news and market insights.

F&W is committed to helping landowners get the most out of their timberland – one of the best tools is current and relevant information. Through the F&W Forestry Report, our clients and subscribers gain an insider’s view on the latest market conditions, timber prices and legislation affecting forestry. Each quarterly report is packed with insights gathered from our participation in professional associations, academic research cooperatives and everyday work in the forest to give you an edge in the marketplace.

Georgia Announces Hurricane Disaster Relief Program

Georgia Announces Hurricane Disaster Relief Program

Georgia officials announced a $347 million block grant program to assist timber and agricultural producers who sustained damage during Hurricane Michael, which tore through the state in October 2018.  The grant program seeks to compensate Georgia forest landowners and agriculture producers for losses not already covered under existing USDA Farm Service Agency programs, and will cover timber, beef, dairy, fruit and vegetable, pecan, poultry, and uninsured infrastructure losses.

Georgia forest landowners and producers in the 95 counties designated as primary and continuous disaster counties by USDA who demonstrate losses in the categories mentioned above are eligible to apply.  The Georgia Department of Agriculture (GDA) is accepting online applications for the grant program from March 18, 2020, through April 8, 2020.  For more information and to apply, visit farmrecovery.com.

In November, Florida officials announced a program to provide $381 million in grant funds to compensate timber producers for lost value of their trees damaged by Hurricane Michael.  For more information on the Florida program visit:  https://tinyurl.com/w2kt4zl.

Trade War Continues To Impact Forestry Sector

Trade War Continues To Impact Forestry Sector

While the U.S. economy is doing well overall, the trade war with China is causing distortions in the normal supply and demand curve for the forestry sector.

“Housing starts are trending upward, and it looks like 2019 will be more of a flat spot in the housing start curve than a downturn.  Interest rates are low and the housing forecast for 2020 is pretty good. So you’d think that stumpage prices would also trend upward,” writes Marshall Thomas, president of F&W Forestry Services, Inc., in his company’s winter newsletter.

But Thomas said the trade war with China has caused U.S. markets to be flooded with excess wood on top of already existing supply excesses.

While there has been a de-escalation of the trade war with the “phase one” agreement between the U.S. and China, the impact of the tariffs on the forest products sector has been harsh and has caused severe financial harm, particularly to the hardwood industry.

“But the bad news is that there is no resolution to the Chinese tariffs already impacting the wood products industry—and the U.S. Trade Representative has indicated it could take years to resolve the differences with China,” Thomas wrote.

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Interest In Forest-Generated Carbon Offset Markets Growing

Interest In Forest-Generated Carbon Offset Markets Growing

In 2008, the F&W Forestry Report reported on the newly developing forest-generated carbon offset market.  At the time, the market was fairly young but the Chicago Climate Exchange (CCX) was buying and selling carbon credits (or “offsets”) on a voluntary basis and F&W was a CCX-approved carbon aggregator.  But a lack of national policy on climate change and low market activity eventually led the CCX to cease trading carbon.

With worldwide carbon emissions continuing to trend upward, there has been a renewed interest from both public and private sectors to increase the capture of atmospheric carbon through active forest management.

In the winter newsletter, F&W’s John Godbee and Stephen Logan discuss how forest-generated carbon sequestration programs continue to evolve and the advantages, disadvantages, risks, and rewards to forest landowners wanting to participate in the market.

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U.S. Wood Pellet Demand Thriving

U.S. Wood Pellet Demand Thriving

Foreign demand for U.S. wood pellets continues to climb, with exports more than doubling between 2013 and 2018, growing from 2.99 million metric tons to 6.02 million, according to data from the USDA Foreign Agricultural Service.

This demand has led to an explosion of wood pellet production facilities in the U.S. over the last decade, particularly in the Southeast.  With global demand for wood pellets projected to continue on this steep upward trajectory, manufacturers are reacting by expanding production capacity and investing in additional mills.

Currently most U.S. wood pellet exports are destined for Europe, primarily the UK, but there is growing demand from Asia for pellets, which is expected to grow exponentially over the next three years.

TO SEE THE FULL ARTICLE IN THE WINTER 2020 F&W FORESTRY REPORTSUBSCRIBE NOW»

The F&W Forestry Report is published quarterly for our clients reporting on the latest market conditions, timber prices and legislation affecting forestry.

Winter 2016

Spring 2016

Winter 2015

Please note that archived newsletters lag
one year behind current publications.

Fountains Forestry Changes
Name to F&W

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F&W Establishes Thomasville Office

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For media inquiries, contact Bates Associates: 770-451-0370, bbates@batesassociates.net